I wanted to share this idea regarding child caring. The default way these days is for both parents to work while hiring a foreign domestic worker (or two) to take care of the kids. That is the most economic and financially savvy way. Hiring a domestic worker is much cheaper than going to infant care or child care, and have more utility. That is also the reason (I suspect) why my mum-in-law insists on wanting us to hire one. I vehemently refuse.
I seek to explain why here. But let us go to a separate domain of raising capital for companies first. I’ll show you why knowing that stray bit of information is important in understanding my decision in not hiring a domestic helper.
HOW TO RAISE CAPITAL
There are two ways in which a company can raise capital. Either give up some ownership by selling equities or retain ownership …